Business for Sale Overview:
Sale includes: The entire business, equipment & fixtures. Price
reduced!!
North/Northwest side of Chicago Fastfood Restaurant.
Here’s your chance to buy a fast food style restaurant in a great
location. There are 40,100 cars driving past this restaurant each day.
This fast food style restaurant offers carry out, delivery and a small
dining room with about 25 seats. The current owner is in the process
of opening another fast food restaurant and no longer has time to
manage this restaurant. This fast food restaurant just opened for
business in July of 2008 and is already averaging approximately
$31,000 per month in sales. With spring and summer approaching,
sales are increasing. The warmer weather causes foot traffic to
dramatically increase. Another reason for the increasing sales is the
excellent food they serve. Fast food restaurants are notorious for
having inferior food quality. This is not the case here.
The owner states that approximately 80% of the gross sales are cash
sales and approximately 20% are credit card sales. The restaurant is
located at a very busy intersection on the North/Northwest side of
Chicago. There are over 40,100 cars driving through the intersection
each day. Aside from finding a good location with high traffic counts,
cheap rent, and plenty of parking, the most difficult aspect of opening
a fast food restaurant is developing delicious food recipes. This has
already been done for you. The current owner works +/- 15 hours per
week. There are approximately 25 seats and an oversized office with a
shower and a private bathroom. The office can be converted to
additional storage space or additional seating.
Also, while most businesses are struggling in 2009 because of the
economy and reductions in consumer spending, this business has seen
an increase in sales. The average monthly gross sales are $31,785.81
and increasing each month. March 2009 sales were $30,191.30. April
2009 sales were $35,596.09. May sales were $37,867.26. June sales
were $34,176.46.
This really is a great location with very cheap rent. The rent is only 5%
of gross sales. Most businesses are at 10% or higher.
*Note: A copy of the menu can be faxed or emailed to you upon
request. Pictures can also be emailed upon request.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The lease expires in May of 2023. The Gross Rent is currently
$1,650 per month & includes water & trash removal. The rent increases
to
$1,750 per month in June of 2011. The space is approximately 2,200
square feet. There are nearly 25 seats & nearly 25 parking spaces plus
street parking.
Market Competition and Expansion:
This business has superior food quality which is why sales are growing in
2009.
Reason for Selling:
To go back to school overseas.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.